The Best Canadian Credit Cards of 2015

RateSupermarket.ca’s Annual Credit Card Ranking Gets Straight to the Point

What offers the best value: a mile, a point, or cash back? Are annual fees worth it? How can a promotional interest rate help pay off a lingering balance?

These are some of the most common questions posed by Canadian credit card shoppers – but when it comes to choosing a card, it’s not always clear which are top performers.

RateSupermarket.ca, Canada’s comprehensive financial rates comparison site, has taken the guesswork out of picking your plastic with the 2015 Best of Finance Awards, a ranking of the hardest-working credit cards and banking products in Canada.

“It can be tricky to assess whether a credit card will help or harm your bottom line over the long run,” says Penelope Graham, Editor at RateSupermarket.ca. “Plush signup bonuses and promised freebies may appear to provide great value, but it’s important to choose a card with features that practically fit your personal spending habits.”

To determine and compare the true value proposition of each card, RateSupermarket.ca converted rewards – from points and miles to interest promotions – to cash earned over a 24-month period, based on the average Canadian household expenditure*. The Awards also ranked the top Canadian banking and investment options.

Over 7 Million Canadians have found their best rate for personal finance products on RateSupermarket.ca. Launched in 2008, RateSupermarket.ca is Canada’s most comprehensive rate comparison site, offering visitors transparent access to the best mortgage rates as well as credit cards, bank accounts, insurance quotes and GIC rates.

4 thoughts on “The Best Canadian Credit Cards of 2015”

you need to tell your readers that on the MBNA Smart Cash card there is a $1000 reward qualifying monthly maximum on non gas/grocery purchases. So, anyone that uses the card for an item like a big screen TV $1000+ or a decent road bike $3000+ will receive only $10 in rewards for that and any other general purchases for that same month. That drops the reward rate substantially. Might as well not use the card for anything other than minor purchases.
Thats why I’m getting rid of the card

Tangerine Master Card has 2% back in certain categories – you get to pick 2 categories – and if you have the cash back put into your savings account monthly, you get to pick a third category – gives you your own flexibility – don’t know why it didn’t make the list

Hi Debbie,
Thanks for your comment. At the time our annual Best of Finance rankings were compiled for 2015, the new Tangerine credit card had not yet come to market. We agree it’s a great option, and we asses every new credit card each year when creating the rankings. Keep an eye out for the 2016 edition to see what the new card winners are this year.